Belarus: Insulating Board Market 2024

Insulating Board Market Size in Belarus

The Belarusian insulating board market reached $X in 2022, with an increase of 3% against the previous year. Over the period under review, consumption, however, saw a slight downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Insulating Board Production in Belarus

In value terms, insulating board production rose rapidly to $X in 2022 estimated in export price. In general, production recorded a perceptible slump. The growth pace was the most rapid in 2020 with an increase of 82% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Insulating Board Exports

Exports from Belarus

In 2022, after four years of growth, there was significant decline in overseas shipments of insulating board, when their volume decreased by -75.8% to X cubic meters. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 162%. As a result, the exports attained the peak of X cubic meters, and then reduced markedly in the following year.

In value terms, insulating board exports plummeted to $X in 2022. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 301%. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

Russia (X cubic meters), Italy (X cubic meters) and Germany (X cubic meters) were the main destinations of insulating board exports from Belarus, together accounting for 69% of total exports. Poland, Austria, Latvia, the Czech Republic and the UK lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +148.2%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Italy ($X) and Germany ($X) constituted the largest markets for insulating board exported from Belarus worldwide, together accounting for 67% of total exports. Poland, Austria, Latvia, the Czech Republic and the UK lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +263.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average insulating board export price amounted to $X per cubic meter, picking up by 26% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 53% against the previous year. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per cubic meter), while the average price for exports to Germany ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+46.5%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Board Imports

Imports into Belarus

In 2022, approx. X cubic meters of insulating board were imported into Belarus; surging by 56% against the year before. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X cubic meters in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, insulating board imports skyrocketed to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X cubic meters) constituted the largest supplier of insulating board to Belarus, accounting for a 88% share of total imports. Moreover, insulating board imports from Poland exceeded the figures recorded by the second-largest supplier, Russia (X cubic meters), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-15.8% per year) and Estonia (+15.8% per year).

In value terms, Poland ($X) constituted the largest supplier of insulating board to Belarus, comprising 90% of total imports. The second position in the ranking was held by Russia ($X), with a 6.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-18.0% per year) and Estonia (+14.6% per year).

Import Prices by Country

In 2022, the average insulating board import price amounted to $X per cubic meter, increasing by 15% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per cubic meter), while the price for Russia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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